Purpose

This report sets out the estimated Collection Fund surpluses/deficits for 2022/23 for Council Tax and Non-Domestic Rates for the year ending 31st March 23 and respective shares notifiable to the major precepting authorities.

Decision

RESOLVED:

That Cabinet:

i)                Noted the overall Collection Fund estimated deficit of £6.285m for the year ending 31st March 2024, comprised of an estimated deficit of £1.016m for Council Tax and an estimated deficit of £5.269m for Non-Domestic Rates (NDR), and the reasons for this.

ii)               Noted the distribution of the Collection Fund estimated deficit for Council Tax and NDR to the major/relevant precepting authorities and the Secretary of State.

iii)             Noted Shropshire Council’s share of the overall estimated deficit of £3.612m, comprised of an estimated deficit of £0.835m for Council Tax and an estimated deficit of £2.777m for NDR.

iv)             Noted the inclusion of Shropshire Council’s share of the overall estimated deficit for Council Tax and NDR in the 2024/25 budget